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Tenants can now pay their rent in cryptocurrency every month using the Livly app

Livly, a new software, now allows users to pay their rent in a variety of cryptocurrencies.

The app was designed to be a forum for apartment communities’ residents to share their experiences. Also, The firm behind it claims to be transforming apartment life as an early Web3 adopter.

“By accepting cryptocurrency for rent payments, specifically Bitcoin (BTC) and Ethereum (ETH),”
“Livly will be combining frictionless property technology with the latest blockchain technology”
” to address residents’ growing demand for more flexible and easy-to-use rent payment options.”

Landlords can still be paid in US dollars using the app.

They say they are…
“actively reviewing partnerships with widely accepted crypto exchange”
“platforms to ensure maximum reliability and security.”

Will renters go with it?

Additionally, Livly Founder Alex Samoylovich says,

“We want to offer residents who have cryptocurrency an additional option to pay their bills with the method they prefer.”
“We are always looking for ways to enhance and expand resident convenience.”

More so, Livly’s CEO, Brian Duggan says,

“One of Livly’s biggest strengths is in our ability to evolve, meet, and exceed the needs of our apartment communities”
” using modern technology. Livly has always been at the forefront of innovative proptech.”
* It only makes sense for us to be the first resident mobile app to”
“accept cryptocurrency for our residents nationwide.”

Livly Joins Other Apps

Livly has joined another app that allows landlords to request rent in cryptocurrency. The ManageGo web platform connects building managers or landlords with their renters. The program allows tenants to pay their rent digitally. As a result, accepting cryptocurrencies is a natural progression. So, This software accepts bitcoin, litecoin, and ether as payment methods.

Lastly, Coinbase’s application programming interface is used by ManageGo (API). Users benefit from real-time currency rates, while tenants and landlords benefit from correct conversions.

Related Posts – This was a major factor in Bitcoin’s (BTC) drop to $35,000

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.